AIAdvertising Inc (AIAD)

[Detached]

The confusion that stems in my mind is the result of the PR CLWD management released on February 23rd using the term "closed" regarding the "SPA" (Securities Purchase Agreement)".

The PR dated February 19th stated they had entered into a SPA with an institutional investor. I've never known a SPA to close that quickly but, I gave management the benefit of the doubt because you never know how long they've been negotiating with the entity prior to the initial announcement.

When the share price started dropping significantly as a mirroring of the overall market downward direction last Thursday which was substantially lower that the SPA agreed upon price I figured something was amiss. Normally, as you're witnessing today even with the overall market selling off significantly there's still a stabilizing quality reflected in the share price close to the agreed figure.

It's common in the anatomy of a Securities Purchase Agreement there's reference to a per share agreed upon price that is subject to adjustment in-between the date of the agreement up to the closing date.